Global Value Chains and the Exchange Rate Elasticity of Exports
Summary: This paper analyzes how the formation of Global Value Chains (GVCs) has affected the exchange rate elasticity of exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some suggestive evidence that the …
 
       
       
       
  
 
     
     
     
     
     
     
     
     
     
     
     
    